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Shirish Shanbhag 09 June 2023
Most cooperative housing societies (CHS) across India transfer the share and interest of a deceased member in the Society in favour of his or her nominee without insisting on probate, a Will or letters of administration in respect of the estate of the deceased. The most important question...

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Moneylife Digital Team 25 August 2023
The Kolkata bench of the national company law tribunal (NCLT) has approved the Rs14,867.50 crore resolution plan submitted by state-backed National Asset Reconstruction Company (NARCL) for SREI Equipment Finance Ltd (SEFL) and SREI Infrastructure Finance Ltd (SIFL), which are under the...

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Rakesh Jhunjhunwala is known to have started his investing journey in 1985 with Rs5,000. Going by some reports, he was apparently worth Rs50,000 crore when he passed away two weeks ago. That is a compounded annual return (CAGR) of 65% over 37 years. Another report points to his wealth at...

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Moneylife Digital Team 28 January 2023
Paying heed to issues faced by customers, the Reserve Bank of India (RBI) has decided to extend to 31 December 2023 its deadline for renewal of agreements for existing safe deposit locker or safe custody article facilities provided by banks. RBI also asked banks to make necessary arrangements...

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Shirish Shanbhag 22 April 2023
Transferring property to the legal heirs can often be a complicated and confusing process, especially in cases where the owner is deceased. Then you have managing committees in a society, who sometimes refuse to transfer the flat without a succession certificate. While such a certificate does...

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Moneylife Digital Team 08 September 2023
Coming down heavily on ICICI Bank Ltd for not keeping safe an original property document of a borrower and trying to shift the liability to a courier company, the national consumer disputes redressal commission (NCDRC) says the safe custody of the original title documents to the property are...

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Moneylife Digital Team 11 August 2022
Coming out in open on the alleged corruption taking place in National Company Law Tribunal (NCLT), a resolution professional (RP) has placed a petition before the appellate tribunal and chief justice of India, describing the sorry state of affairs where crucial orders were allegedly handed...

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Moneylife Digital Team 27 April 2022
Ravi Parthasarathy, the man who built Infrastructure Leasing & Financial Services (IL&FS) into a gigantic hydra-headed conglomerate passed away today after suffering from cancer for several years.    He was one of the first employees and chief executive of IL&FS, which was promoted by...

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Moneylife Digital Team 07 November 2022
The National Stock Exchange of India (NSE) has issued a warning to the investor against four entities that are collecting funds from the public through assured or guaranteed return schemes.   In two separate releases, NSE says RDQ Tradingswala Technologies Ltd, Swapan Nayak, LFS...

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On 30th April, the chief justice of India (CJI), NV Ramana, mentioned in a speech that India has 40mn (million) cases pending in lower courts and that the government was the biggest litigant accounting for 50% of these cases. At another event on 2nd May, the media reported him saying that...

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Moneylife Digital Team 06 April 2022
Three funds managed by Invesco's developing markets investment team, including Invesco Developing Markets Fund, have decided to sell up to 7.8% of their stake in Zee Entertainment Enterprises Ltd (Zee). While reducing its stake to 11%, Invesco reaffirmed its support for the merger of Zee with...

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An 89-year-old man had to spend a night in a bank's locker room here due to the negligence of the bank staff.   The man had to spend 18 hours in the bank after the staff locked the premises and left on Monday.   The shocking incident occurred in Union Bank of India's branch in...

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I am a great admirer of Nitin Gadkari.   I love his perennial smile.    I applaud the speed at which he is building roads, using esoteric materials such as plastic, slag and even coconut fibre.    I like to hear him talking about fuels that will be “import-substitute,...

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Moneylife Digital Team 01 November 2022
A panel from the Securities and Exchange Board of India (SEBI) has allowed investors with a claim of up to Rs15,000 to check the status of their claim application and rectify deficiencies, if any.   In a public notice, the market regulator has asked PACL investors to log on to

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Abhinandan 02 July 2022
Remember, in March-April 2018, the Indian press was abuzz with the news that Walmart was likely to pick up a substantial stake in Flipkart. The actual deal was announced on 9 May 2018. However, something happened even before the deal was announced.    The Economic Times (ET) reported...

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Moneylife Digital Team 12 August 2022
The Supreme Court on Friday issued notice to ministries of finance, corporate affairs, Reserve Bank of India (RBI) and Securities & Exchange Board of India (SEBI) in a plea by Sucheta Dalal, managing editor of Moneylife and founder-trustee of Moneylife Foundation. The plea, taken up by senior...

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Moneylife Digital Team 04 June 2022
A minority shareholder group of 11 shareholders, constituting  a total shareholding of around 13.67%, has called for an extraordinary general meeting (EGM) flagging concerns about the working of Dhanalaxm Bank. The causes for calling this meeting, as stated by those requisitioning the EGM,...

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Shirish Shanbhag 14 April 2023
Housing societies cannot always be the trouble-free utopias that we imagine them to be, as they do have their own share of woes and problems. Some problems can be resolved by a discussion with the managing committee; but, for more complicated issues, one may have to approach the appropriate...

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Moneylife Digital Team 08 April 2023
Angel One Ltd (Angel) has emerged as one of the largest brokers in India. Quarter after quarter, it is reporting an excellent number of new client registrations and a large market share. However, its supervision and compliance practices seem to be lacking. Documents accessed by Moneylife show...

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Last week I received a message claiming that a person was duped when a fraudster asked him to dial some codes from an Android mobile phone. The dialer codes mentioned in the message are related to the call-forwarding option. Many users are not even aware of the dangers of some of the codes...

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